Market in a Minute

Market in a Minute & StatPak May 2019

We profile the most important market indicators every month - contract activity, interest rates, inventory, affordability and direction of the market - in an easy to read and digest summary. It's not just the numbers; it provides context to understand why the numbers are important and what they mean for the future of the market. Published for Northern Virginia, Loudoun County, Washington, DC, Montgomery County and Prince George's County. A quick summary of last month's contract activity is shown below. To see the complete "Market in a Minute" reports for each jurisdiction we cover, click on the corresponding links.

What's The URGENCY Index?

This is simply the measure of the percentage of homes going under contract that were on the market 30 days or less, giving a sense of how quickly buyers feel they must act to put an offer on a home. To see your market's Urgency Index click the link to view the full report.

Northern Virginia - May 2019 StatPak with Contract Snapshot from April 2019

CONTRACTS: Contract activity in April 2019 was down 3.8% from April 2018 and was up in only two price categories.Through the first four months of the year, contract activity is also down 3.8% The average number of days on the market for homes receiving contracts was just 17 days in April 2019, down from 27 days in April of last year.

Loudoun County - May 2019 StatPak with Contract Snapshot from April 2019

CONTRACTS: Contract activity in April 2019 was almost unchanged, down just 0.3% from last April and was down in four of the six price categories. Through the first four months of the year contract activity is down 4.7%. The average number of days on the market for homes receiving contracts was 19 days in April 2019, down from 25 days in April of last year.

Montgomery County - May 2019 StatPak with Contract Snapshot from April 2019

CONTRACTS: Contract activity in April 2019 was up 2.3% from April 2018 and was down in three of the six price categories. Through the first four months of the year contract activity is down 1.5%. The average number of days on the market for homes receiving contracts was 30 days in April 2019, down from 32 days in April of last year.

Prince George's County - May 2019 StatPak with Contract Snapshot from April 2019

CONTRACTS: Contract activity in April 2019 was up 4.6% from April 2018 because of increases in activity for homes priced between $300,000 and $749,999. Through the first four months of the year, contract activity is up 5.5%. The average number of days on the market for homes receiving contracts was 43 days in April 2019, up from 38 days this time last year.

Washington D.C. - May 2019 StatPak with Contract Snapshot from April 2019

CONTRACTS: Contract activity in April 2019 was up 6.0% from April 2018 and was up in all but the lowest of the six price categories. Through the first four months of the year contract activity is up 3.6%. The average number of days on the market for homes receiving contracts was 31 days in April 2019, up slightly from 30 days in April of last year.